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Alibaba

E-Commerce / Technology

Founded: April 4, 1999

Chinese multinational technology company specializing in e-commerce, retail, cloud computing, and AI. Operates Taobao, Tmall, and Alipay through its ecosystem.

Details

IndustryE-Commerce / Technology
Founded1999-04-04
HeadquartersHangzhou, China
FoundersJack Ma
Employees219,260
Revenue$126.5B
Market Cap$200B
Stock TickerBABA
Timeline

2024-01-01

Alibaba focuses on AI and cloud computing

Alibaba emphasizes growth in AI and cloud computing sectors.

2023-03-28

Alibaba restructures its cloud unit

Alibaba announces a restructuring of its cloud computing division.

2020-11-11

Alibaba's Singles' Day sales reach record high

Alibaba's Singles' Day sales hit a new record, demonstrating e-commerce dominance.

2020-11-03

Ant Group faces regulatory scrutiny

Ant Group's IPO is suspended due to regulatory concerns in China.

2019-11-26

Alibaba lists on the Hong Kong Stock Exchange

Alibaba completes a secondary listing on the Hong Kong Stock Exchange.

2019-09-10

Jack Ma retires as Executive Chairman

Jack Ma steps down as Executive Chairman of Alibaba Group.

2018-04-01

Alibaba acquires Ele.me

Alibaba fully acquires Ele.me, a Chinese food delivery platform.

2017-09-26

Alibaba invests in Cainiao Network

Alibaba increases its stake in Cainiao Network, a logistics company.

2016-04-06

Alibaba Group becomes the world's largest retailer

Alibaba surpasses Walmart to become the world's largest retail corporation.

2015-06-23

Alibaba invests in Koubei

Alibaba invests in Koubei, a local services platform.

2014-09-19

Alibaba's IPO on the NYSE

Alibaba Group goes public on the New York Stock Exchange (NYSE).

2013-06-01

Launch of Yu'e Bao

Alibaba launches Yu'e Bao, a money market fund, through Alipay.

2012-06-20

Alibaba Group privatizes Alibaba.com

Alibaba Group takes Alibaba.com private.

2011-01-01

Taobao Marketplace surpasses $1 trillion in transaction volume

Taobao Marketplace's transaction volume exceeds $1 trillion.

2008-04-01

Launch of Tmall.com

Taobao Mall, later known as Tmall.com, is launched as a B2C platform.

2004-12-01

Launch of Alipay

Alipay, a third-party online payment platform, is launched.

2003-05-10

Launch of Taobao

Taobao, a consumer-to-consumer (C2C) online marketplace, is launched.

1999-10-01

Alibaba.com raises $25 million from investors

Alibaba.com secures $25 million in funding from Goldman Sachs and others.

1999-04-04

Alibaba.com is founded

Alibaba Group is founded in Hangzhou, China.

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